On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that the world now faces an economic disaster. He also discussed the historic opportunity in the silver market.
Egon von Greyerz: “We have talked extensively about the financial and economic risks i... read more
Or some reflections to read over the Easter holidays
With Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the Fed funds rate this year, economists are reassessing the interest rate outlook.
Economists lack consensus, with some expecting yet more easing, based on the apparent collapse in cross-borde... read more
The Federal Reserve’s years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two. Given the deteriorating economic outlook, I believe there can be little doubt that the Fed will soon complete the capitulation process and remove all expect... read more
Global Central Banks have run out of ‘ammunition’. Since March 2008, Central Banks have cut interest rates 637 times and have purchased a staggering $12.3 trillion dollars’ worth of assets. There is not much more that they can do, and currently, the next ‘great crisis’ is upon us.
The global economy and the global financial system will continue to weaken before our very... read more
Marc Faber: “The Most Desirable Currency Will Be Gold”
By Mourad Haroutunian, Marc Faber Issues Grim Warning
Perma-bear investor Marc Faber’s current stock investment advice to retail traders is to expand their exposure to precious metals and Asian economies, while staying away from the U.S. dollar.
“[The U.S. dollar] is not a desirable currency,” Faber,... read more
Our Sun – a rather tiny star in the galaxial scheme of things – seems inexhaustible. But 5 billion years from now, it will swallow, instead of nurture the Earth as it burns itself out – first contracting, then expanding like a flaming candle turned firecracker. Not to worry though. We won’t be around. It’s not that we are beyond worrying; it’s that our lives are much shorter and... read more
America is and has always been an extraordinary idea.
It espouses the values of liberty, economic freedom, self-reliance, and independence.
What’s not to love about that?
It’s an idea that resonates within each of us, speaks to our inner humanity and our desire to prosper.
The United States is not the first country to be founded on these ideas, and it won’t be the last.
Yet... read more
